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HANDY
info about Money Orders
Filling out a money order is a very simple process.
First of all, a money order is basically a "check"
from your bank and this check or "money order" is
considered as good as cash, and anyone will accept
them worldwide. Most people use them for traveling,
as they are safer since you can cancel them if you
lose them, and you can also get them replaced quickly
if needed.
Others use them for purchasing items overseas,
as you can have money orders made out in any currency,
so you can purchase items in U.S. funds if you wish,
rather then have currency conversions take place.
To get a money order, you must go to your bank
and ask for them, if you have an account at the
bank they will of course give you money orders based
on any amount you wish, or in U.S. currency, etc.
Your bank will work with you on that. To fill out
the money order, you simply do it the same way you
would do a check. When you purchase something, you
can give them a money order, list the name of the
person or business you are giving it to, and you
must sign your name on the front of it (you will
see a line on the front for signing your name).
The person or business will most likely ask you
to show your ID also for verification.
Be aware that there are some scams going on where
people are meeting people online, then sending them
money orders from overseas to "cash for them" once
they gain their trust, and then having them wire
the cash back to them overseas immediately. They
have all kinds of excuses why they need you to do
it for them, these are SCAMS! It sounds safe but
you can be liable for cashing the bad money order
they gave you, so avoid this money order scam. Beware,
and stay away from any situation where someone wants
to send you cash via money order from overseas.
Anytime you have to "wire or send something" overseas
quickly, you should stop and question what you are
doing.
